Economics

Question 1

Which type of money is created and guaranteed by a government such as the American dollar bill?

Accepted Answer

Fiat money

Question 2

In Malaysia capitalist entrepreneurship is

Accepted Answer

Respectful of Islamic and Malay obligations and values

Question 3

When a parent pays for a child's piano lessons, he or she is engaged in

Accepted Answer

Generalized reciprocity

Question 4

Why is Karl Polanyi's distinction between formal and substantive economics important?

Accepted Answer

It looks at how people think and their actual transactions

Question 5

Which perspective incorporates symbols and morals into the understanding of a society's economy

Accepted Answer

Cultural economics

Question 6

The collection of goods in a community and the subsequent redivision of those goods is called

Accepted Answer

Redistribution

Question 7

The themes of reciprocity and gift exchange are critical to anthropologists because

Accepted Answer

The exchange of gifts is the economy in many societies

Question 8

For anthropologists, people remove the price tag from gifts and wrap birthday presents because

Accepted Answer

They do not want them to seem like impersonal goods

Question 9

Which word is most closely linked to the Marxist perspective

Accepted Answer

Inequality

Question 10

Economies in which people seek high social rank and power instead of money are known as

Accepted Answer

Prestige economies

Question 11

Gift exchange for Marcel Mauss is based in

Accepted Answer

Obligation

Question 12

According to Marshall Sahlins, when production is organized by families it is

Accepted Answer

The domestic mode of production

Question 13

The main difference between economists and economic anthropologists is that economists

Accepted Answer

Try to understand and predict economic patterns

Question 14

The exchange of brass rods for the purchase of cattle is an example of the use of

Accepted Answer

Limited-purpose money

Question 15

When you are consuming an object, the process of taking possession of it is called

Accepted Answer

Appropriation

Questions 15